What does FTX stand for?

FTX Trading Ltd., commonly known as FTX (short for "Futures Exchange"), is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund.

How many websites does FTX have?

It is important to note that FTX has two websites: ftx.com, which operates worldwide, and ftx.us, which operates only in the US. On 11 November 2022, the crypto exchange made headlines as it filed for Chapter 11 bankruptcy. The company’s CEO, Bankman-Fried, stepped down from his position. He was replaced by John J. Ray III.

Who invested in FTX?

Several public figures also invested in FTX or received compensation for promoting the company. These include football player Tom Brady, basketball players Shaquille O’Neal and Stephen Curry, model Gisele Bundchen, and businessman Kevin O'Leary. Gisele Bündchen was also appointed the ESG advisor for the cryptocurrency platform.

Was FTX hacked?

In the hours following, FTX experienced a possible hack in which hundreds of millions worth of tokens were stolen. FTX founder and ex-CEO Sam Bankman-Fried was arrested in The Bahamas and extradited to the United States in late December. He pleaded innocent to all criminal charges on Jan. 3, 2023.